The FTSE 100 Index Closes 0.26% Lower

The FTSE 100 Index dropped -27 points or 0.26 percent on Tuesday to close at 10359 points. Losses were led by BP (-6.31%), Standard Chartered (-5.85%) and Antofagasta (-4.61%). Offsetting the fall, top gainers were Croda International (9.21%), Coca-Cola (5.33%) and WPP (5.07%).

The FTSE 100 fell 0.3% on Tuesday after two sessions of gains, underperforming European peers as disappointing earnings from heavyweight banks and energy companies weighed on the index. BP dropped more than 6% after reporting weaker than expected 2025 net profit of $7.49 billion and announcing it would suspend share buybacks to strengthen its balance sheet. Barclays fell around 2.5% after results also disappointed, while Standard Chartered slid nearly 6% following the exit of its CFO. These declines offset gains in AstraZeneca, which rose about 2.5% after a positive profit outlook. Meanwhile, markets continued to monitor pressure on Prime Minister Keir Starmer to step down after policy reversals and controversy over the appointment of Peter Mandelson as US ambassador.

The FTSE 100 fell more than 0.5% on Tuesday after two sessions of gains as losses in heavyweight energy, banking and mining stocks weighed on the index. BP dropped over 5% after suspending its share buyback, while Standard Chartered fell about 4.5% following the surprise departure of its CFO. Other large caps also declined, including HSBC down 0.7% and Rolls Royce lower by around 1.8%. Miners came under pressure as metals prices including gold, silver and copper weakened, dragging Antofagasta, Fresnillo, Endeavour, Rio Tinto, Anglo American and Glencore lower. Gains in Barclays after earnings, along with strong results and guidance from AstraZeneca, provided some support. Homebuilders also advanced after Bellway reported improving demand and higher reservations at the start of the spring selling season, limiting broader losses.